OPINION AND ORDER RE: MOTION TO VACATE OR MODIFY ARBITRATION AWARD and TO CONFIRM THE ARBITRATOR’S FINAL AWARD AND ENTER JUDGEMENT

OPINION AND ORDER RE: MOTION TO VACATE OR MODIFY ARBITRATION AWARD and TO CONFIRM THE ARBITRATOR’S FINAL AWARD AND ENTER JUDGEMENT

May 11, 2015

State of Michigan in the Circuit Court for the Country of Wayne

Ptere Karamanous, JR.,

Plaintiff, v COMPUWARE CORPORATION Defendant.

Consolidated with

COMPUWARE CORPORATION, Plaintiff v PETER KARAMANOS, JR., Defendant.

Case No. 13-014776-CK Hon. Daniel P. Ryan

13-014776-CK FILED IN MY OFFICE WAYNE COUNTY CLERK

5/11/2015 2:32:09 PM CATHY M. GARRETT /s/ Michelle Howard

Case No. 15-003350-CB

Hon. Daniel P. Ryan

OPINION AND ORDER RE: MOTION TO VACATE OR MODIFY ARBITRATION AWARD and TO CONFIRM THE ARBITRATOR’S FINAL AWARD AND ENTER JUDGEMENT

At a session of Court Held in Detroit, Michigan 5/11/2015

This matter comes before the Court on Defendant, Compuware Coproation’s (Compuware) Motion to Vacate or Modify Arbitration Award. Plaintiff, Peter Karamonos, Jr., (Karamanos) counters with a Motion to Confirm the Arbitrator’s Final Award and Enter Judgment. The Court having considered the motions, responses, and replies finds the folllowing:

As indicated in the caption, there are two cases pending before the Court. The first action was filed by Karamanos in 2013 following Karamanos’ dismissal from Compuware in September 2013. Karamanos presented three claims in his suit: breach of contract, conversion, Esshaki. Critically, the parties agreed, altough presently complain, that Mr. Essaki would issue an arbitration award with findings of facts, in part, to maintain the confidentiality of the proceedings. The award was issued on February 25, 2015. The award proves that:

The undersigned Awards to Claimant, PETER J. KARAMANOS, JR., and against Respondent, COMPUWARE CORPORATION, the total amount of$16,500,000, inclusive of all interest costs and legal fees incurred. All other claims, demands and defenses are hereby specifically DENIED.